US President Donald Trump and senior officials in the US administration were evacuated from the venue hosting the annual White House Correspondents’ Dinner following a security threat.
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US President Donald Trump on Saturday cancelled a trip by two US envoys to Pakistan, stating that he no longer plans to send a US delegation to Pakistan this weekend, blaming 'infighting' in Iran for derailing potential talks and saying the trip would have been “too much work.”
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Fresh diplomatic momentum is building around possible talks between the United States and Iran, with both sides signalling cautious openness even as they stop short of confirming direct engagement.
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The Saudi Arabia economy is showing resilience despite a sharp hit to oil production from regional conflict, with a surge in crude prices helping offset the impact, according to a report by Al Rajhi Capital.
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Businesses and investors in Saudi Arabia and the UAE are holding firm on their medium-term strategies despite the current situation in the Middle East, supported by intraregional supply chain redesign and increased use of AI, says an HSBC study.
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Oil prices surged past the $105 threshold on Friday as an escalating maritime standoff between Iran and the United States in the Strait of Hormuz rattled global energy markets.
Oil production across the Gulf, sharply curtailed by the Iran conflict, is expected to stage a strong recovery within months once the Strait of Hormuz fully reopens, according to Goldman Sachs, offering a measure of optimism for regional energy markets.
Dubai Integrated Economic Zones Authority has entered into an agreement with Dutch group Volt for setting up an AI-ready data centre facility in Dubai Silicon Oasis. Under this, DIEZ will provide land and core infrastructure, while Volt UAE will be responsible for the development, finance and lead construction of these facilities.
US President Donald Trump has ordered the country's navy to “shoot and kill” any Iranian boats placing mines in the Strait of Hormuz, even as Iran announced that it has received its first revenue from tolls it imposed on ships passing through the strait.
Aldar has announced the acquisition of an industrial and logistics portfolio from AD Ports Group unit Khalifa Economic Zones Abu Dhabi (Kezad) for AED650 million ($177 million), thus adding 163,000 sq m of modern, income-generating industrial and logistics space to the leading Abu Dhabi developer's platform.
The northern emirate of Ras Al Khaimah has secured AED12.4 billion ($3.37 billion) worth of sales across 6,600 residential property transactions in 2025, with the off-plan segment accounting for 85% of deals, said a real estate expert, adding a total of 8,400 new homes are in the RAk property pipeline until 2028.
Saudi Power Procurement Company (Principal Buyer) has launched the qualification bid process for the second group of Battery Energy Storage System (BESS) projects. The combined capacity of Group 2 BESS projects is 3000MW for a 4-hour storage duration (12,000 MWh).
Arada has unveiled Jenna, a new upscale residential complex situated in the AED35 billion ($9.53 billion) Aljada mega community in Sharjah.
Hafeet Rail, a joint venture between Etihad Rail, Oman Rail and Mubadala, has announced steady progress on its ambitious Oman-UAE railway project with the work nearing 40% completion. Progress continues at scale, with over 27 million cu m earthworks and 100,000 cu m concrete works already completed.
The Royal Commission for Riyadh City (RCRC) has announced that work has started on a major road project being developed as part of the second package of the Main and Ring Road Axes Development Program. The scope of work includes construction of four main bridges and three-lane roads in the Saudi capital.
SLB has entered into a definitive agreement to acquire the geoscience and petroleum engineering software business portfolio of S&P Global Energy, a provider of subsurface software widely used by US onshore and unconventional operators.
Ethiopian Airlines won three awards at the PAX Readership Awards 2026 in Hamburg, Germany, including Outstanding Food Service, Best Overall Passenger Experience, and Best Children’s Amenity Kit in Africa.
Majesty, a superyacht brand, has announced the official launch of the first hull of its new model - Majesty 145, which has been designed, engineered and handcrafted in the UAE. The latest addition to the 40m+ size bracket, it complements the Majesty 175 and 160 models which are due for launch later this year.
Businesses and investors in Saudi Arabia and the UAE are holding firm on their medium-term strategies despite the current situation in the Middle East, supported by intraregional supply chain redesign and increased use of AI, says an HSBC study.
Vision Hospitality will launch a 45,000 sq ft multi-concept dining and entertainment destination at Reem Mall, Abu Dhabi, featuring McGettigan’s and a live sports Fan Zone, marking a major regional expansion.
The Emirates Drug Establishment (EDE) has announced the country’s first fully AI-discovered and developed drug candidate by a research team at Insilico Medicine.
Qatar's Public Works Authority (Ashghal) has announced that over 90% work is now complete at Sidra - Education City project and is on track for opening by year-end. Spanning 74,000 sq m, the key educational facility features a main two-storey building with classrooms and multi-purpose halls.
Dubai’s retail and warehouse sectors demonstrated resilience and growth in 2025, backed by strong fundamentals including record tourism, population boom and e-commerce activity. Both sectors, however, faced tightening supply conditions that shaped market dynamics throughout the year, said a report.
Salama Islamic Arab Insurance Company has announced the successful completion of a multi-year capital restructuring programme that has helped the Emirati takaful insurer to restore its financial position. The revamp included a AED456 million ($124.2 million) capital reduction to eliminate accumulated losses.
Roshn Group, Saudi Arabia's leading multi-asset class real estate developer powered by sovereign wealth fund PIF, has signed an agreement with Dawiyat Integrated Telecom and IT Company, a unit of Saudi Energy, to develop fibre-optic telecommunications infrastructure within its Aldanah community in Dhahran.
BlueFive Capital, a global investment platform based in Abu Dhabi, has announced that its consortium has entered into a deal with luxury auto brand Porsche to acquire its entire stake in Bugatti Rimac, a joint venture set up in 2021 to serve as home to the iconic Bugatti brand.
Saudi Arabia's General Entertainment Authority and Riyadh Season, under the leadership of Turki Alalshikh, in cooperation with WWE, today announced that Night of Champions will return to Kingdom Arena in Riyadh on Saturday, June 27, 2026.
US President Donald Trump and senior officials in the US administration were evacuated from the venue hosting the annual White House Correspondents’ Dinner following a security threat.
